LG Electronics is Said to Make New Google Nexus Phone

LG Electronics Inc. is developing a Nexus smartphone for Google Inc., becoming the third manufacturer to build phones for the U.S. company, according to a person with knowledge of the matter.

The device, to be shown this month, is based on LG's Optimus G model, said the person, who declined to be identified because the project isn't public.

For LG, its first Nexus project would deepen a partnership with Google as the Seoul-based company tries to compete with Samsung Electronics Co. Google has previously developed phones with Samsung and HTC Corp.